Govt strategy will be to transform, support, sustain, says Indranee

Singapore

HELPING businesses to innovate, go regional and build capabilities is a priority for the government even as it helps workers to upskill and reskill to seize new opportunities, Second Minister for Finance Indranee Rajah said on Tuesday.

In the first official speech to outline the government's strategies for Budget 2020, Ms Indranee said it can be summarised in three words: transform, support and sustain.

This comes on the back of an increasingly challenging external environment, she added, notably the US-China trade tensions. At the same time, the world is changing in "deep, structural" ways leading to growing income inequality, …